Insurance, Legal and Risk Mitigation
Here is a summary of NMHC’s research and information on insurance, legal and risk mitigation.
New Report
Rental housing providers in communities nationwide are facing increased insurance costs—but the impact on affordable housing providers is particularly acute. This report, produced by ndp analytics and commissioned by the National Leased Housing Association (NLHA), aligns with other NMHC research that found a staggering 26 percent of property insurance costs increased over the past year.
Featured Report
Stay tuned for the latest edition of NMHC’s State of Multifamily Risk Survey & Report, arriving this fall. Building on the insights from the 2023 edition, this report delivers crucial data and trends to help you navigate the evolving challenges of insurance and risk management in the multifamily sector.
NFIP Topic Page
Federal laws require that apartment owners with federally regulated and insured mortgages on properties in high-risk flood areas purchase flood insurance. However, the private insurance market offers few policy options, often only issuing flood protection policies to high-value properties. To help fill this void, the federal government created the National Flood Insurance Program (NFIP).
Learn MoreNFIP Fact Sheet
More information on national flood insurance program, in addition to the NMHC/NAA viewpoint.
Read MoreFlood Insurance Policy Updates
On June 10, NMHC led a broad coalition of 24 organizations representing America’s housing providers, lenders and residents in sending members of Congress and the Biden administration a letter outlining a number of bipartisan policies to address the causes of rising insurance premiums across the nation’s housing market.
Risk Rating 2.0
FEMA releases details outlining the implementation for its Risk Rating 2.0 program intended to modernize the National Flood Insurance Program (NFIP).
Read More- Stay Ready: EBRPHA’s Essential Tips for Hurricane Preparedness
- IRS provides Hurricane Milton relief; May 1 deadline now applies to individuals and businesses in all of Florida; many businesses qualify for deposit penalty relief
- FEMA: National Flood Insurance Program Flood Mitigation Measures for Multi-Family Buildings
